The post 21Shares Unveils Celestia Staking ETP, Simplifies Staking Yields With Fully Backed Cold-Storage TIA Tokens appeared on BitcoinEthereumNews.com.

21Shares AG, the world’s leading issuer of cryptocurrency exchange-traded products (ETPs), has announced its latest product: the 21Shares Celestia Staking ETP. This financial product seeks to bridge the gap between traditional investment mechanisms and blockchain technology, offering investors a seamless entry point into the high-reward ecosystem of staking yields without the risks traditionally associated with direct TIA tokens ownership. Bridging Traditional Finance And TIA 21Shares, a leading issuer of cryptocurrency ETPs and part of 21.co, unveiled the 21Shares Celestia Staking ETP (Ticker: ATIA). The 21Shares Celestia Staking ETP, listed under the ticker ATIA, represents a significant jump forward in the integration of blockchain technology with traditional financial instruments. Launched in collaboration with Celestia, a pioneering Layer 1 modular data availability network established in October 2023, the ETP offers a robust investment opportunity. Celestia stands out in the blockchain space for its innovative approach to scaling and deploying blockchain infrastructure, characterized by its unique consensus mechanism and data availability sampling (DAS) technology. This not only enhances the security of blockchain networks but also drastically reduces the costs associated with maintaining them—by close to 99%. At the center of this ETP is the Celestia network’s native token, TIA, around which the investment product is structured. By investing in the ETP, individuals gain exposure to the performance of TIA and, by extension, the operational and financial success of the Celestia network itself. This exposure is further enhanced by the ETP’s strategy of capturing and reinvesting staking yields, providing investors with a potential source of passive income that is managed professionally, thereby reducing risk. Mandy Chiu, Head of Financial Product Development at 21Shares, said, “Celestia represents the future of blockchain architecture, and we are thrilled to offer investors the opportunity to participate in its growth through our Celestia ETP. As the world’s largest issuer…

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Filed under: News - @ February 22, 2024 4:14 am